On June 25, foreign media reported that the Chief Financial Officer of German automotive supplier Aumovio SE disclosed that the company’s negotiations to secure memory chips for the coming year have hit a snag. This setback is primarily due to the intense competition from artificial intelligence (AI) companies, which have been aggressively stockpiling key components. CFO Doenges remarked that procuring an adequate supply of chips has become an arduous task. Despite reaching out to multiple suppliers, the company has found it difficult to finalize price agreements.
In addition to these challenges, Aumovio SE is grappling with supply chain disruptions caused by the ongoing conflict in the Middle East, as well as soaring raw material costs. It is worth noting that just a week prior, the BMW Group—renowned for its operational resilience—also substantially revised downward its profit margin forecasts. This adjustment reflects the worsening business environment and the economic repercussions of the escalating tensions involving the US, Israel, and Iran.
